Sei Investments Co. decreased its holdings in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 1.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 119,862 shares of the asset manager’s stock after selling 2,226 shares during the period. Sei Investments Co. owned about 0.22% of Affiliated Managers Group worth $22,753,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in AMG. OppenheimerFunds Inc. increased its stake in Affiliated Managers Group by 0.4% during the first quarter. OppenheimerFunds Inc. now owns 1,935 shares of the asset manager’s stock valued at $317,000 after purchasing an additional 7 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Affiliated Managers Group by 5.0% during the first quarter. Dimensional Fund Advisors LP now owns 294,466 shares of the asset manager’s stock valued at $48,273,000 after purchasing an additional 13,943 shares during the last quarter. Xact Kapitalforvaltning AB increased its stake in Affiliated Managers Group by 3.4% during the second quarter. Xact Kapitalforvaltning AB now owns 8,438 shares of the asset manager’s stock valued at $1,400,000 after purchasing an additional 279 shares during the last quarter. Capstone Asset Management Co. increased its stake in Affiliated Managers Group by 10.2% during the second quarter. Capstone Asset Management Co. now owns 3,796 shares of the asset manager’s stock valued at $630,000 after purchasing an additional 351 shares during the last quarter. Finally, Creative Planning increased its stake in Affiliated Managers Group by 15.0% during the second quarter. Creative Planning now owns 705 shares of the asset manager’s stock valued at $117,000 after purchasing an additional 92 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Shares of Affiliated Managers Group, Inc. (NYSE:AMG) opened at $182.86 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.61 and a quick ratio of 0.61. Affiliated Managers Group, Inc. has a 1 year low of $139.15 and a 1 year high of $198.40. The company has a market cap of $10,247.08, a PE ratio of 13.41, a price-to-earnings-growth ratio of 0.87 and a beta of 1.70.

Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings results on Monday, October 30th. The asset manager reported $3.41 EPS for the quarter, topping the consensus estimate of $3.36 by $0.05. Affiliated Managers Group had a net margin of 23.29% and a return on equity of 17.63%. The firm had revenue of $585.70 million for the quarter, compared to analysts’ expectations of $586.55 million. During the same period in the previous year, the business earned $3.02 earnings per share. Affiliated Managers Group’s revenue for the quarter was up 7.5% compared to the same quarter last year. equities analysts anticipate that Affiliated Managers Group, Inc. will post 14.44 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Thursday, November 9th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.44%. The ex-dividend date is Wednesday, November 8th. Affiliated Managers Group’s dividend payout ratio (DPR) is presently 8.66%.

In other Affiliated Managers Group news, Director Dwight D. Churchill sold 2,080 shares of the business’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $184.28, for a total value of $383,302.40. Following the sale, the director now directly owns 6,104 shares in the company, valued at $1,124,845.12. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Patrick T. Ryan sold 7,705 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $185.27, for a total transaction of $1,427,505.35. Following the completion of the sale, the director now owns 6,797 shares in the company, valued at $1,259,280.19. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by insiders.

COPYRIGHT VIOLATION NOTICE: “Sei Investments Co. Sells 2,226 Shares of Affiliated Managers Group, Inc. (AMG)” was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this report on another domain, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The correct version of this report can be read at https://www.thecerbatgem.com/2017/11/14/sei-investments-co-sells-2226-shares-of-affiliated-managers-group-inc-amg.html.

AMG has been the subject of several recent research reports. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $229.00 target price on shares of Affiliated Managers Group in a research note on Thursday, October 12th. Zacks Investment Research raised shares of Affiliated Managers Group from a “hold” rating to a “buy” rating and set a $213.00 price target for the company in a report on Monday, October 2nd. Jefferies Group LLC reissued a “buy” rating and set a $226.00 price target on shares of Affiliated Managers Group in a report on Thursday, October 12th. Credit Suisse Group boosted their price target on shares of Affiliated Managers Group from $205.00 to $223.00 and gave the company an “outperform” rating in a report on Friday, August 11th. Finally, BidaskClub downgraded shares of Affiliated Managers Group from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Affiliated Managers Group currently has a consensus rating of “Buy” and a consensus price target of $207.25.

About Affiliated Managers Group

Affiliated Managers Group, Inc is an asset management company with equity investments in boutique investment management firms. The Company operates in three segments, which represent its principal distribution channels: Institutional, Mutual Fund and High Net Worth. The equity method investments in the Institutional distribution channel are made in relationships with public and private client entities, including foundations, endowments, sovereign wealth funds and retirement plans for corporations and municipalities.

Want to see what other hedge funds are holding AMG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Affiliated Managers Group, Inc. (NYSE:AMG).

Institutional Ownership by Quarter for Affiliated Managers Group (NYSE:AMG)

Receive News & Stock Ratings for Affiliated Managers Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Affiliated Managers Group Inc. and related stocks with our FREE daily email newsletter.